IVG Enterprises Ltd.

October 24, 2006 09:00 ET

IVG Enterprises Ltd.: News Release

CALGARY, ALBERTA--(CCNMatthews - Oct. 24, 2006) - IVG Enterprises Ltd. (the "Corporation") (TSX VENTURE:IVE) announces that Ms. Lo Wai Fun has resigned as a director of the Corporation effective as of October 23, 2006.

The Corporation would like to express its appreciation for the services provided by Ms. Lo Wai Fun to the Corporation.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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